{"id":418865,"date":"2024-05-14T13:51:42","date_gmt":"2024-05-14T12:51:42","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=418865"},"modified":"2024-05-14T14:04:38","modified_gmt":"2024-05-14T13:04:38","slug":"roaring-kittys-return-triggers-meme-coin-surge-and-gamestop-stock-spike","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/roaring-kittys-return-triggers-meme-coin-surge-and-gamestop-stock-spike\/","title":{"rendered":"Roaring Kitty&#8217;s return triggers meme coin surge and GameStop stock spike"},"content":{"rendered":"<p>The <a href=\"https:\/\/cryptoslate.com\/cryptos\/meme\/\">meme coin sector<\/a> emerged as a rare winner the past day despite the broader market drawdown that pushed prices of major digital assets like <a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">Bitcoin<\/a> down.<\/p>\n<p>These meme assets' upsurge can be attributed to the unexpected reemergence of Keith Gill, also known as Roaring Kitty and DFV, who played a pivotal role in initiating the <a href=\"https:\/\/cryptoslate.com\/bitcoin-bull-mike-novogratz-gamestop-gme-rally-is-an-endorsement-of-defi\/\">GameStop short squeeze of 2021<\/a>.<\/p>\n<p><span style=\"color: #333333; font-size: 22px; font-weight: bold;\">GameStop 2.0?<\/span><\/p>\n<p>On May 13, Gill reemerged on social media with a cryptic meme depicting a gamer in a focused stance, followed by a video of Thanos saying, &#8220;Fine, I'll do it myself,&#8221; and a clip of Wolverine.<\/p>\n<p>Gill was central to the GameStop saga during the COVID-19 pandemic. At the time, Reddit traders disrupted hedge funds <a href=\"https:\/\/cryptoslate.com\/defi-bulls-continue-to-roar-as-gamestop-gme-saga-continues\/\">profiting from shorting GameStop shares<\/a>, resulting in the stock price soaring by over 1,000% in less than a month.<\/p>\n<p>Following his return, GameStop shares surged by over 100%. Kobeissi Letter <a href=\"https:\/\/twitter.com\/KobeissiLetter\/status\/1790197065034719325\">noted<\/a>:<\/p>\n<blockquote><p>&#8220;Gamestop added $6 BILLION in market cap during today's session&#8230;The stock is up 31% in after hours trading and 130% today. Gamestop is now one of the top 600 largest public companies in the US.&#8221;<\/p><\/blockquote>\n<h2>Meme coins rally<\/h2>\n<p>Gill's return has sparked a notable gain among meme coins.\u00a0According to <a href=\"https:\/\/cryptoslate.com\/biggest-gainers\/\">data<\/a> from <em>CryptoSlate's<\/em> top gainers list, lesser-known meme coins such as MOG Coin, Popcat, and Book of Meme dominated the list for the day.<\/p>\n<p>Additionally, more popular meme coins like <a href=\"https:\/\/cryptoslate.com\/coins\/dogecoin\/\">Dogecoin<\/a>, <a href=\"https:\/\/cryptoslate.com\/coins\/shiba-inu\/\">Shiba Inu<\/a>, <a href=\"https:\/\/cryptoslate.com\/coins\/pepe\/\">Pepe<\/a>, and Floki also saw substantial gains during this period.<\/p>\n<p>Moreover, the &#8220;GameStop&#8221; token on Solana, bearing the GME ticker, has skyrocketed by an astounding 1,900% in the past 24 hours. Notably, blockchain analytical firm Arkham Intelligence <a href=\"https:\/\/twitter.com\/ArkhamIntel\/status\/1790321990810714611\">identified<\/a> a trader who made a substantial profit of over $500,000 from buying $30,000 of the Solana GME memecoin after Roaring Kitty resurfaced.<\/p>\n<p>Meanwhile, crypto analyst Lookonchain <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1790270398103527513\">suggested<\/a> that the upcoming MEME season will be cat-themed because Roaring Kitty's latest videos mentioned that &#8220;The Dog Days are Over, The Dog Days are Done,&#8221; and cats also appeared in the videos.<\/p>\n<p>The analyst highlights a trend where prominent investors gravitate towards cat-themed meme coins like Popcat, Maneki, and Kitty, as evidenced by increased whale activity in these assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The meme coin sector emerged as a rare winner the past day despite the broader market drawdown that pushed prices of major digital assets like Bitcoin down. These meme assets&#8217; upsurge can be attributed to the unexpected reemergence of Keith Gill, also known as Roaring Kitty and DFV, who played a pivotal role in initiating [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":418877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77968,77032,76736],"tags":[75502,75193,79502,76818],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Roaring Kitty&#039;s return triggers meme coin surge and GameStop stock spike<\/title>\n<meta name=\"description\" content=\"Roaring Kitty sparks market frenzy with gains in GameStop and meme cryptocurrencies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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